IESA welcomes Govt.’s decision on National Mission on Transformative Mobility and Battery Storage

Today the government approved setting up of National Mission
on Transformative Mobility and Battery Storage to drive clean, connected,
shared and sustainable mobility initiatives in the country. The decision was
taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra
Modi.

India Energy Storage Alliance (IESA) has welcomed the
government’s decision of setting up of National Mission on Transformative
Mobility and Battery Storage.

Debi Prasad Dash,
Executive Director of India Energy Storage Alliance (IESA) said “We
welcome the cabinet’s decision on setting up of National Mission on
Transformative Mobility and Battery Storage and creation of the Phased
Manufacturing Programme (PMP) valid for five years till 2024 to support setting
up of a few large scale, export competitive integrated batteries and cell
manufacturing Giga plants in India. This announcement is the result of the work
done over the past 6 years by India Energy Storage Alliance (IESA) along with
various state agencies, as well as central government departments including
MNRE, MOP, and NITI Aayog on different aspects related to energy storage
policy. The mission also suggested to have the steering committee with
representation of 8 ministries & departments, which will definitely bring
appropriate co-ordination on appropriate policy creation.”

He further added “India
has a significant market potential for batteries and electric vehicles.
Electric vehicles are creating a big demand and due to this demand, the cost of
batteries will further come down. IESA estimates the market for energy
storage would grow to over 300 GWh during 2018-25. IESA is working with various
EV & charging infrastructure companies through its MOVE (Moving Onwards
with Vehicle electrification) initiative to catalyze the adoption through
indigenous manufacturing of EV components. Currently, more than 10 companies
are doing module & Li-Ion pack assembling in India and we’re expecting 4-5
large companies to enter cell manufacturing in the next 2-3 years. With
appropriate policy support through this mission, Indian companies will be able
to diversify into energy storage business. Through Make In India initiative,
India will able to compete with the countries like China, Australia, Germany,
USA, Taiwan, South Korea other Li-Ion manufacturing countries”.

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